All articles by Verdict Staff
Verdict Staff
UK proposes new inheritance tax rules for non-doms
The British government has proposed new inheritance tax (IHT) rules for non-domiciled individuals, to prevent them from escaping IHT charge on UK residential property by using an offshore entity.
Octopus Investments opens fintech lab in London
British fund management firm Octopus Investments has launched Octopus Labs, new incubator and accelerator program to nurture ‘market-ready’ startups.
MainstreamBPO to buy New York-based Fundadministration
Australias MainstreamBPO has agreed to acquire Fundadministration, New York-based hedge fund administration firm, for an undisclosed amount.
ANZ names new group general manager internal audit
The Australia and New Zealand Banking Group (ANZ) has appointed Kevin Corbally as its new group general manager internal audit, replacing Michael Liarakos who has now been named as the banks chief compliance officer.
Neuberger Berman secures $1.6bn mandate from Australian super fund
Neuberger Berman, a US-based investment management firm, has received a $1.6bn emerging market equities mandate from Australian superannuation fund First State Super.
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Advisory Research adds investment team of Cupps Capital Management
Advisory Research, a subsidiary of Piper Jaffray Companies, has acquired the investment team of Cupps Capital Management, a Chicago-based asset management firm.
Foresight Wealth Management introduces new concierge services
American advisory firm Foresight Wealth Management has launched Foresight Concierge Services to complement its wealth management offering.
Raiffeisen Bank International net profit plummets 24% in H1
Austrian lender Raiffeisen Bank International (RBI) has reported net profit of 210m for the first half of 2016, a slump of 23.8% compared to 276m in the prior year.
Jerseys F.A.B. Partners to snap up US debt fund manager CIFC for $333m
F.A.B. Partners, a Jersey-based alternative investment platform created by former executives of Deutsche Bank and Goldman Sachs Group, has agreed to acquire US private debt manager CIFC in a cash deal valued at about $333m.
Northern Trust secures two super mandates in New Zealand
Northern Trust Asset Management has been selected by The Guardians of New Zealand Superannuation, the manager of the NZ$30bn New Zealand Superannuation Fund, to manage two new factor investing mandates.